Newbury Street Extends Business Combination Deadline

Tip Ranks
2025.09.25 20:51
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Newbury Street Acquisition Corporation (NBST) has extended its business combination deadline from September 25, 2025, to March 25, 2026, following stockholder approval of the Extension and Adjournment Proposals during a special meeting on September 24, 2025. The company also processed redemptions for 5,590 shares, totaling approximately $64,503.91. Current market cap stands at $87.87M with an average trading volume of 679 and a technical sentiment signal of 'Buy'.

The latest announcement is out from Newbury Street ( (NBST) ).

On September 24, 2025, Newbury Street Acquisition Corporation held a special meeting where stockholders approved two key proposals: the Extension Proposal and the Adjournment Proposal. The Extension Proposal allows the company to extend the deadline for completing a business combination from September 25, 2025, to March 25, 2026, while the Adjournment Proposal permits the meeting to be adjourned if necessary. Following the approval, the company amended its Certificate of Incorporation and processed redemptions for 5,590 shares, resulting in a payout of approximately $64,503.91.

More about Newbury Street

Average Trading Volume: 679

Technical Sentiment Signal: Buy

Current Market Cap: $87.87M

Learn more about NBST stock on TipRanks’ Stock Analysis page.